Talk about the economy EWF The idea fr a euro Pische Whrungsfonds is not new: As early as 1978, the then Chancellor Helmut Schmidt had proposed such an institution. More than 30 years created via the fund a reality knnte. He should, then the hope of experts who konomik “shared destiny” to make Europe handlungsfhiger – and schtzen in times of crisis. The EU Commission today bert in Brssel about the controversial proposal. By Patrick Gensing, tagesschau. denes weeks now, trying to Euro Pische Union, the debt crisis in Greece to get to grips with. Federal Finance Minister Wolfgang drawers now introduced a euro Pische Whrungsfonds (EWF) in the debate. Vorsto This is a controversial issue for politicians and experts. Thomas Mayer, chief economist at Deutsche Bank, erklrt tagesschau givenness. de, knne erfllen such a fund equal to three main tasks. The EWF should be used as a tool in crisis management, since the financial crisis had shown significant Mngel here. In addition, the Fund knne improve konomik urveillance of the States, “said Mayer. Auerdem going through the EWF in a Zahlungsunfhigkeit of states ensures an orderly process – as in a personal bankruptcy. The IMF knne not afford it, as the example of Argentina have shown, says Mayer. hnlich Ürt to Gustav Horn, head of the Institute fr Makrokonomie and economic research, initiate further discussion with tagesschau. de.So far drfte not occur, however, warned Allianz economist Rolf Schneider. Knftig would reduce debt by Krisenprvention important than crisis management. Schneider was in the initiate further discussion with tagesschau. de bezglich a Euro Pische Whrungsfonds skeptical because this is rather an instrument for crisis management. Here was also created new Brokratie. Urgent is the Revising Stabilittspakt so would strker working towards a balance of public finances. The high debt was the reason why Greece had become the object of speculation, said Schneider. Balanced budgets are thus the best safeguard against speculation. Even the chief economist of the euro Pische Central Bank (ECB), Jrgen Stark, dismissed the Vorsto back to results. Each country’s Public Financial lasting fr fr and hence its debt itself, he wrote in a commentary in the “Handelsblatt”. “There wre the start of financial compensation, the knnte be very expensive, sets the wrong incentives and ultimately Wrde Lnder loaded with solid Public Finance.” The head of the Institute fr Makrokonomie and Economic Research, Horn suggested that the funds should the fund from fr above Posting of member states or a Euroanleiheaufdemprivaten Kapitalmarktkommen. Auerdem the special payments were berschusslnder conceivable. The EWF incentives mssten both fr berschusslnder are both set frDefizitlnderso that they stabilittsgerechtinnerhalb the Eurozoneverhielten. “EU is still good there”[Caption: The Euro-land as a "shared destiny"? ]Economist, Schneider said that the Allianz Group had come to the conclusion in a study, the euro zone knne digest the debt crisis – even without an EMF. The study suggests that the problems of other euro countries atopic problem can not be compared with those of Greece. The EU also stnde with a debt ratio of 78.2 percent of GDP compared to Lndern such as Japan with a rate of 190 percent, still good. German Bank Chief Economist Mayer, however, warned that a new crisis knne never be entirely eliminated – this htten the events shown in recent months. And by the Whrungsunion Europe finds itself in a kind of “shared destiny”, as the states htten made parts of their Souvernitt. The-economic destiny of the States was closely linked, therefore, specific mechanisms to urveillance and crisis intervention were ntig says Mayer on. “Greece is not an isolated incident,” The Franzsisch economist Jean-Paul Fitoussi called vehemently fr Full-Size Influence the EU. It is politically absurd that Greece, the International Whrungsfonds (IMF) to help knock so Fitoussi givenness of the “Frankfurter Rundschau”. “What has the IMF looking at Euro country?” He asked. After all, is “the EU’s gross domestic product, the world’s number one.” Other experts say that IMF loans are undesired in the Eurolndern as indirectly through the conditional influence knnte be made to the policy of the euro Pische Central Bank (ECB). Because of such constraints Greece-aid from the IMF refused so far.Fitoussi therefore demanded that the EU msse “common bond issue at length.” Greece was not an isolated case, said the economists, as before, the EU had already dropped the EASTERN EUROPE members. “It’s terrible!” Said Fitoussi, the EU lacked cohesion between the states. The EU had also committed in the Lisbon Treaty itself, the Hnde. ACTUAL prohibit contracts of the existing EU’s takeover of the debt of a member country. The euro Pische Whrungsunion msse urgently “towards the United States of Europe must be developed, recommended Fitoussi. Open FragenWie quickly Whrungsfonds can be established, however, is unclear. Fitoussi spoke of a medium-term goal. DB Mayer, chief economist said, however, it drfte not last “as long frchterlich” to build a EWF. The process since the crisis in Greece was already under way, now the whole msse be institutionalized. The EU Commission itself estimates but not with a short-term implementation of Plne. For in addition to the legal issue by the Lisbon Treaty are far more important questions remain open. Besides ungeklrten financing remains an open question whether the 16 euro ausschlielich release may Lnder grants to benefit – or all 27 EU states. Therefore wishes to advise the EU Commission today about the EWF. The EU Commission is grundstzlich ready to propose its own relief fund, said a spokesman in Brssel. Because of the legal situation was unclear, but a lengthy procedure to befrchten. Also IMK chief Horn stressed that “would uerst politically difficult” to win a collective responsibility fr ineinemgemeinsamen Binnenmarktin the Bevlkerung consent. More than 30 years after the drften re Vorsto in terms of EWF but probably not move back into the euro zone, before a decision is gefllt.Talk to one euro Plne fr Pische Whrungsfonds (08. 03. 2010). Background: The International Whrungsfonds. Dossier: The chronology of the crisis.World Atlas: Germany[Flash | PDF].
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